AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”) Proposed acquisitions by OSK Trustees Berhad (“Trustee”), on behalf of Axis-REIT of the following: (a) a parcel of leasehold land held under H.S.(D) No. 4568, Lot No. PT 3609, Mukim Telok Panglima Garang, District of Kuala Langat, State of Selangor Darul Ehsan together with all the industrial buildings erected thereon for a cash consideration of RM85,000,000; and (b) a parcel of leasehold land held under H.S.(D) 167497, PT No. 13, Town of Petaling Jaya, District of Petaling, State of Selangor Darul Ehsan together with all the industrial buildings erected thereon for a cash consideration of RM49,000,000 (Collectively referred to as “Proposed Acquisitions”
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”) Proposed acquisitions by OSK Trustees Berhad (“Trustee”), on behalf of Axis-REIT of the following: (a) a parcel of leasehold land held under H.S.(D) No. 4568, Lot No. PT 3609, Mukim Telok Panglima Garang, District of Kuala Langat, State of Selangor Darul Ehsan together with all the industrial buildings erected thereon for a cash consideration of RM85,000,000; and (b) a parcel of leasehold land held under H.S.(D) 167497, PT No. 13, Town of Petaling Jaya, District of Petaling, State of Selangor Darul Ehsan together with all the industrial buildings erected thereon for a cash consideration of RM49,000,000 (Collectively referred to as “Proposed Acquisitions” |
Contents | We refer to the announcement dated 3 June 2010 in relation to, among others, the Proposed Acquisitions. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad wishes to announce that on 3 June 2010, the Trustee had provided a written confirmation letter that the Proposed Acquisitions are based on normal commercial terms, carried out at arm’s length and not prejudicial to Axis-REIT’s unitholders’ interest. This announcement is dated 9 June 2010 |
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Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 9 Jun 2010 |
Category | General Announcement |
Reference No | MI-100609-69977 |